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    Exam 14: Long-Term Liabilities
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    A Contract Pledging Title to Assets as Security for a Note
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A Contract Pledging Title to Assets as Security for a Note

Question 221

Question 221

Multiple Choice

A contract pledging title to assets as security for a note or bond is known as a(an) :


A) Mortgage.
B) Lease.
C) Sinking fund.
D) Indenture.
E) Equity.

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